First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Receives Average Rating of “Moderate Buy” from Analysts

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) has earned a consensus rating of “Moderate Buy” from the fourteen analysts that are currently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company.

A number of analysts recently weighed in on FQVLF shares. Deutsche Bank Aktiengesellschaft cut shares of First Quantum Minerals from a “buy” rating to a “hold” rating in a research report on Wednesday, November 26th. Morgan Stanley reissued an “overweight” rating on shares of First Quantum Minerals in a research report on Tuesday, December 16th. Scotiabank restated an “outperform” rating on shares of First Quantum Minerals in a research note on Tuesday, February 24th. Raymond James Financial reaffirmed a “market perform” rating on shares of First Quantum Minerals in a research report on Wednesday, January 14th. Finally, TD Securities reiterated a “hold” rating on shares of First Quantum Minerals in a report on Thursday, February 12th.

First Quantum Minerals Trading Up 3.5%

OTCMKTS FQVLF opened at $24.75 on Thursday. The firm has a market capitalization of $20.65 billion, a price-to-earnings ratio of -618.75 and a beta of 1.27. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.94. First Quantum Minerals has a one year low of $10.18 and a one year high of $33.30. The company’s 50 day moving average price is $28.07 and its 200 day moving average price is $23.92.

First Quantum Minerals (OTCMKTS:FQVLF) last released its quarterly earnings data on Tuesday, February 10th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.05). First Quantum Minerals had a positive return on equity of 0.07% and a negative net margin of 0.53%.The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.33 billion. On average, sell-side analysts predict that First Quantum Minerals will post 0.03 EPS for the current year.

About First Quantum Minerals

First Quantum Minerals Ltd. is a Canada-based mining company principally engaged in the exploration, development, production and marketing of copper and other mineral commodities. Headquartered in Vancouver, British Columbia, the company develops and operates large-scale open-pit and underground mines and associated processing facilities. Its activities span the full value chain from exploration and feasibility studies through to mining, milling and the sale of concentrates and refined metals to global customers.

Copper is the company’s primary product, produced alongside by-products such as gold, nickel, zinc and cobalt depending on the orebody.